CRONFA YMDDIRIEDOLAETH ADDYSG
BELLACH YNYS MON
ANGLESEY FURTHER EDUCATION TRUST
FUND
Rhif Cofrestru Elusen I Charity Registration No.
525254

CONTENTS OF THE FINANCIAL STATEMENT FOR THE YEAR ENDED
31 MARCH 2024
Page
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activity
Balance Sheet
Notes to the Financial Statements
9-15

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees present Iheir report with the financial statements of the charity for the year ended 31
March 2024. The trustees have adopted the provisions ofthe Accounting and Reporting by Charities.-
statement of Recommended Practice (SORP) applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standards applicable in the UK and the Republic of Ireland
(FRS1021, effective 1 January 2015.
LEGAL AND ADMINISTRATIVE DETAILS
Registered Charlty Number:
525254
Principal Address:
Isle of Anglesey County Council
County Offices
Llangefni
Anglesey
LL77 7TW
Trustee:
The Isle ofAnglesey County Council is the sole trustee ofthe Anglesey Further Education Ttust, and
the activities of the Trust were administered on its behalf by the County Council.
Independent Examiner:
Mr. Brian Hughes
A. Hughes-Jones, Dy50n & Co
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1 NS

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document:
The charity is controlled by its goveming document, a deed of Irust, and constitutes an unincorporated
charity.
The Anglesey Further Education Trust Fund is regulated by a scheme made by the Board of
Education on 23 March 1939, and significantly modified by a scheme dated 18 July 1960. These
specify the duties, powers and condilions under which the Trust is required to operate.
Recrultment and appointment of new trustees:
The Isle ofAnglesey County Council is the sole truslee of the Anglesey Further Education Trust Fund.
The charity is run by the Council's Executive Committee.
New trustees are briefed on their legal obligations under charity law. the content of the governing
document and the decision-making pro￿sS. Any training needs are identified and addressed
inlernally by other existing trustees and offi￿r8 of the Council.
Organlsational structure:
The Isle ofAnglesey County Council is the sole trustee ofthe Anglesey Further Education Trust Fund,
and the activities of the Trust were administered on its behalf by the County Council.
The organisational structure has been as follows'.-
The County Council's Executive Committee act as the Trustee.
The Council's Head of Service {Lifelong Learning), in conjunction with the Portfolio Holder for
Lifelong Learning, have the delegated authority to award the annual grant funding.
The Council's Head of Service (Highways, Waste and Property), in conjunction with the
Portfolio Holder for Highways, Waste and Property, have the delegated authority to manage
tenancy agreements and to sel rents ofthe propety portfolio {the David Hughes Endowment).
The Council's Executive Committee will approve the accounts ofthe Trust and the Section 151
Officer has the delegated authority to sign the Trust's Annual Accounts.
The strategic leaders of the County Council were.-
Chief Executive- Dylan Williams
Deputy Chief Executive- Rhys Hughes
Director of Function {Resourcesl and Section 151 Officer- Marc Jones
Director of Function (Council Business) and Monitoring Offi￿r- Lynn Ball
Related parties:
Due to the nature of the Charity's operations, and because the sole trustee of the charity is the Isle of
Anglesey County Council. it is inevitable that transactr'ons will take place with organisations related to
the Council and ils employees. All transactions involving organisations in which the Isle of Anglesey
County Council may have an interest are conducted at arm's length. The Council has a policy that
all trustees must declare an interest if a related party transaction occurs.

Risk Management:
The major risks to which the Trust is exposed, as identified by the Trustee, have been reviewed and
Systems or procedures have been established to manage the risk.
OBJECTIVES AND ACTIVITIES
Aims and objectives:
The Anglesey Further Educalion Trust Fund is comprised of three funds= The David Hughes
Endowment., the Anglesey Further Education Fund 113 and the Anglesey Further Education Fund 213.
which aim ta provide specific educalional benefit.
The David Hughes Charitable Estate (Endowment Fund):
This fund Collects rents from its investment property and interest on its investments. The management
and administration costs of the estate are deducted from the rents received to arrive at the net income
for the year that can be distributed or net expenditure.
A payment of a quarter of the net income is made to an unconnected charity, 'The David Hughes
Charity for the Poorf, for purposes connected with the relief of povety in the community of Llantrisant.
The remaining income forms the Anglesey Further Education Fund'.-
Anglesey Further Education Trust Funds:
One third of the General Fund is allocated to provide special benefit, of any kind not normally provided
by the Authority, to assist senior pupils to finish their courses at any one of the sGhools specified in
the scheme- the five secondary schools maintained by the County Council. The remaining thirds
of the General Fund is available to benefit persons under the age of 25, who have attended any one
of the schools specified in the scheme for at least IMO years, who are in need of financial assistance
for Further or Higher Education ortraining. The Twst has identified three schemes which are intended
to increase the number of grants awarded in future.
Grant making:
Grants are made to individuals who have attended or are attending one of the five secondary schools
maintained by the County Council who meet the above criteria. This may be via payments made to
each secondary school or via a scholarship Scheme to be administered by 'Coleg Cymraeg
Cenedlaethol. for students from finanGi8lly disadvantaged backgrounds to undertake courses through
the medium of Welsh.
Public benefit..
The trustees confirm that they have referred to the guidan￿ contained in the Charity Commissioner's
general guidan￿ on public benefit when reviewing the charity's aims and objectives and in planning
future activities and setting the grant rnaking process.

ACHIEVEMENT AND PERFORMANCE
Charitable Activities:
The charity has continued to safeguard the assets of the Trust.
The charity now allocates funding to each ofthe Island's secondary schools. To assist current pupils
each school was initially offered up to £56k to fund the cost of Learning Coaches in October 2019.
Each school was also given £8,560 to enable them to assist financially disadvantaged students to
obtain pla￿S at colleges and universities andlor to help with the purchase of books and equipment
required to attend the courses in the first year.
During 2023124, the 'Coleg Cymraeg Cenedlaethol. scholarships scherne Continued, with six former
pupils each receiving £500 and one receiving £1,150.
FINANCIAL REVIEW
Financial Performance:
Before gains & losses on investments, the Endowment Fund had a net expenditure of £41,527 due
to increased investment in its propety portfolio.
The Trust's investments have increased in value by £3,931 this year, but revaluation of once piece of
land has resulted in a loss of £50,100. This gives the charity an overall decrease in funds of £77,156
for the year.
As a result, total funds as at 31 March 2024 were £4,808,393, of which all funds are restricted.
Principal funding sources:
The principal fijnding sources ofthe charity are rental income from tenants and investment income in
the form of dividends, investment interest or interest on deposits.
Investment policy and objectlves:
The charity's ageing property portfolio has required substantial investment. The trustee of the charity
has undergone a period of consolidation in order to generate the necessary cash reseNes to reinvest
in its assets. In addition, the charity holds approxirnately 100/0 of its Total Fixed Assets in Investment
Funds, which generate dividend and interest income.
Plans for the future:
The Anglesey Further Education Trust operates as a going concern for the charitable purposes ststed
above.

Inde
endent examinerfs rg
ort to the trustees of An
lese
Further Education Tru$t Fund
I report to the trustees on my examination of the accounts of the Anglesey Further Education Trust
Fund for the year ended 3181 March 2024. which are set out on pages 7-15.
Res
onsibllltles and basis of re
ort
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('Ihe Act.).
I report in respect of my examination of the Trust'8 accounts carried out under Section 145 of the
2011 Act and, in carrying out my examination, I have followed all the applicable directions given by
the Charity Commission under Section 145(5)(b) of the Act.
Inde
endent examlngr's statement
I have completed my examination. I confirm that no material matters have come to my atlenlion in
connection with the examination giving me cause lo believe that in any material respect'.-
1. Accounting lecords were not kept in respect of the Trust as required by Section 130 of the Act,
or
2. The accounts do not accord with those records,. or
3. The aGcounts do not corllply with the applicable requirements Con￿rning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulation 2008. other than any
requirement8 that the accounts give a 'true and fair view, which is not a matter considered as
part of an independent examination.
I have no concems and have come across no other mallers in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Signature..
Date..
Brian Hughes FCA
A. Hughes-Jones, Dyson & Co.
Chartered Accountants & Reglstered Auditors
Capel Moreia, South Penrallt, Caernarfon, Gwynedd

TRUSTEES RESPONSIBILITY STATEMENT
The Iruslees are responsible for preparing the Report of the Trustees and Ihe Financial Statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wale5, the Charities Act, Charity (Accounts and
Reports) Regulations and the provisions of the trust deed requires the trustees to Prepare financial
slalemenls for each financial year which give a true and fair view of the slate of affairs of the charity
and of the incoming resources and application of resources. including the income and expenditur2,
of Ihe charity for that period. In preparing those financial statements, the Iruslees are required lo:_
select suitable accounting policies and then apply them consistently.,
obsèrve the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that thè charity will continue in business.
The Iruslee5 are responsible for keeping proper accounting records which disclose with reasonable
accuracy al any lime the finallcial position ofthe charity and to enable them to ensure that th& financial
slalemenls comply with the Charities Act, the Charity IAccoLJnts and Reports} R&gulations and the
provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and,
hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed by the Direclor of Fun¢lion (Resources) I S8Ction 151 Officer under delegat6d authority on
behalf of the Trust..
R Marc Jones FCPFA
Dlrector of Function (Resources) I Section 151 Officer
Date

Inde
endent examiner's re
ort to the trustees of An
lese
Further Education Trust Fund
I report to the trustees on my examinalion of Ihe accounts of the Anglesey Further Education Trust
Fund for the year ended 3151 March 2024, which are set out on pages 7-16.
Res
onsibilities and basis of re
ort
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 {'the Act'i.
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the
2011 Act and, in carying out my examination, I have followed all the applicable directions given by
the Charity Commission under Section 145{5)Ibl of the Act,
Inde
endent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect-.
1. Accounting records were not kept in respect of the Trust as required by Section 130 of the Act.,
or
2. The accounts do not accord with those records,. or
3. The accounts do not comply with the applicable requirements concerning Ihe form and content
of accounts set out in the Charities (Accounts and Reports) Regulation 2008, other than any
requirements that the accoLtnts give a 'true and fair view, which is not a matter considered as
part of an independent examination.
I have no concerns and have come across no other matters in connection wilh the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
signa￿re-.
Date..
Brian Hughes FCA
A. Hughes-Jones. Dyson & Co.
Chartered Accountants & Registered Auditors
Capel Moreia, South Penrallt, Caernarfon, Gwynedd

TRUSTEES RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Report of the Trustees and the Financial Statements
in accordance with applicable law and United Kingdom Accounting Standards {United Kingdorn
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act, Charity (Accounts and
Reports) Regulations and the provisions of the trust deed requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the stale of affairs of the charity
and of the incoming resources and application of reSoUr￿s, including the income and expenditure,
of the charity for thal period. In preparing those financial statements, the trustees are required to'.-
select suitable a¢¢ounting policies and then apply ihem consistently.,
observe the methods and principles in the Charity SORP.,
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disGlose wth reasonable
accuracy at any lime the financial position of the chanty and lo enable them to ensure that the financial
statements cornply with the Charities Act, the Charity (Accounts and Reports) Regulations and the
provisions of the trust deed. They a￿ also responsible for safeguarding the assets of the charity and,
hen￿, for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed by the Director of Function (Resources) I Section 151 Officer under delegated authority on
behalf of the Trust..
I* . J4L1 2odJ
R Marc Jones FCPFA
Dire¢tor of Function IResour¢esl I Section 151 Officer
Date

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
31.3.2024
Total Funds
31.3.2023
Total Funds
Notes
Regtrlcted
Funds
Endowment
Funds
Income and Endowrnent5 frorn-
Investment Income
11,934
157,068
169,002
149,440
Totsl Incom?
11.934
157,068
169,002
149,440
Expendlture on..
Inveslrnenl MarogeThnt
crwritabk Actfvities
Support Costs
1185,0131
1185,0131
14,1501
{13,5821
1147, 1841
175.3061
112,2781
14,1501
113,5821
Total Ex
endlture
4,150
198,595
202,745
234.746
Net Income I IExpendSturel avallable for
dtstrlbutlon before Galns and Losses on
Investments
7,784
141.6271
133.7431
186.3061
Payment of25°1￿ of net in¢(Yn8 to Dawid
Hughps Charity lor the Poor
Transfer ol remairing net E￿oWMent
iworne lo FWttr￿r Edw8tion Tr￿1 FurKIs
Net Income I (Expenditure) before Galn3
and Losses on Investments
7,784
141.5271
133,7431
185,3061
Net Gains I ILossesl on In¥tstffEnts
2,756
146,1691
143,4131
256,076
Net Movement In Funds
10,540
87,696
77,156
170 770
Rèconelllatlon of Funds:
Total Funds bro
hl lO￿ard
Total Funds carrled lo￿ard
297,756
308,296
4.587,793
4.500,097
4.885,549
4,808,393
4.714,779
4,885,549

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024
31.3.2024
Total Funds
31.3.2023
Total Funds
Notes
Re$trl¢ted
Funds
Endowment
Fund
In￿stMentS list￿ or traded on 8 rèeognised
Stock ExcharKJe
Investment Propertie$- Dawd H￿￿e8
Estate
78
118,448
169,485
287,933
281,245
yb
3,760,400
3,760,41)0
3,810.500
Total FIx8d Assets
3 929 885
4 048 333
4 091 745
Cwrent Assets
Deblors
Cash at barl( and in haTh
68.595
510,122
68,595
699,970
82,832
748,320
189,848
Total Current Assets
189,848
67B,717
768,665
811,162
Credilors.. amounts falllrYJ duè within o
year
10
18,5051
18.5051
117,3481
Net Current Assets or
Llabllltoes
189,848
570,212
760,060
793,804
Creditor8.' arnounts falliru duo 8ft8r more
than one year
Prowislor6 for liabilrties
Total Net Assets or
Llabllltles
308.296
4,500,097
4,808,393
4,885.S49
The Funds of the C￿ritY
EThSowrnent FWKIS
Restricted Income Furnls
11
4,500.097
4,500,097
308,296
4,587.793
297.756
308,296
Total Charit Funds
308,296
4 500,097
4 808,393
4.885,549
The financial statements are signed by the Director of Function (Resources) I Section 151 Officer
under delegated authority'.-
I￿. Juwy 202)
nes FCPFA
Director of Function (Resources) I Section 151 Officer
Date

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, with the
exception of investments, which are included at market value. This is as modified by the
revaluation of ￿rtain assets and in accordance with the Charities SORP (FRS102) (effective
January 20151, the Charities Act 2011 and the requirements of the Statement of Recommended
Practice, Accounting and Reporting by Chanties.
In¢oming resources
All incoming resources are recognised once the charity has entitlement to the reSoUr￿s, it is
certain that the resources will be received, and the monetary value of incoming resources can be
measured with sufficient reliability.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings, they have been allocated to activities on a basis consistent with the use of resources.
Costs of generating funds
The costs of generating funds consist of investment management costs.
Investment property
Investment property is shown at the most recent internal valuation. Any aggregate surplus or deficit
arising from changes in market value is transferred to the endowment fund.
Taxatlon
The charity is exempt from tax on ils charitable activities.
Value Added Tax
The charity can reclaim Value Added Tax through its trustee, the Isle ofAnglesey County Council,
therefore, where applicable, expenditure is shown net ofvalue Added Tax.
Fund structure
The charity has three funds, one endowment and I￿0 restricted.
The David Hughes Charitable Estate (Endowment Fund
This fund collects rents from its Investment property and interest on its investments. The
management and administration costs of the estate are deducted from the rents received to arrive
al the net income for the year that can be distributed.

A payment of a quarter of the net income is made lo an unconnected charity, 'The David Hughes
Charity for the Poor,, for purposes connected with the relief of poverty in the community of
Llantrisant.
The remaining income fonrs the Anglesey Further Education Trust Fund, which is split into two:_
Anglesey Further Education Trust Fund 113 {Restricted Fund)
One third of the Anglesey Further Education Trust Fund is allocated to provide special benefit of
any kind not normally provided by the Authority. to assist senior pupils to finish their course at any
one oflhe schools specified in the scheme- the five secondary schools maintained by the County
Council.
Anglesey Further Educatlon Trust Fund 213 (Restricted Fund)
The remaining two thirds of the Anglesey Further Education Trust Fund is available to benefit
persons under the age of 25, who have attended any one of the schools specified in the scheme
for at least years, who are in need of financial assistance for further or higher education or
training.
The charity has no unrestricted income.
Fixed asset investments
Investments are stated at market value as at the balance sheet date. The statement of financial
activities includes the net gains and losses arising on revaluation and disposals throughout the
year.
Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains
and losses on investments are calculated as the difference beiween sales proceeds and opening
market value (purchase date if later). Unrealised gains and losses are calculated as the difference
between market value at the year end and opening market value lor purchase date if later).
Realised and unrealised gains are not separated in the Ststement of Financial Activities.
2. INVESTMENT INCOME
Rostricted
Fund8
Endowment
Funds
Totsl 31.3.24
Tolal 31.3.23
In¥￿tment In¢ome
Rents reCeI￿d
Water rates- re(aarges
otL*r in¢oft* fri)m Dawd H￿h&S Estate
Dkbiderds and Iwtmeth Inlerest
ot￿r lrteresl
129.603
510
129.603
510
127,364
1,000
4,070
5,826
21,130
9,8
28,994
9.670
11.40
Total lTrve8tm8nt Income
11,934
157.069
109,003
149,440
io

3. INVESTMENT MANAGEMENT COSTS
Restrlcted
Funds
Endowment
Funds
Total 31.3.24
Total 31.3.23
Investment Management Co8t8
Repairs and Mainlenarte ol tf* DavKS H￿he8 Estate
Water Charges
Profe5siona1 SeNces
other property expenses
Bad Debt pro￿ls￿￿
{182,2371
13,8361
1182,2371
13,8261
1134.0361
13,4741
1,060
1,060
15.0571
14.5971
Total Investmgnt Management Costs
1185,0131
1185,0131
147,164
4. CHARITABLE ACTIVITIES
Restrlcted
Funds
Endowmant
Funds
Total 31.3.24
Total 31.3,23
Charlt4bl8 Actlvltlos
Education grants awarded
Grants lo schools- loarnitTrJ coadks
Grants lo schools- ￿1p towards hYJfEr ed(￿atIon
14,1501
14,1501
13,LKKII
{72,X￿l
Total CharÈtabl• Expondituro
14,150
14,1501
175,3061
The Education grants awarded Comprises six £500 scholarship grants awarded to former pupils
through 'Coleg Cymraeg Cenedlaethol,, and one £1,150 grant.
The Trust applies the exemption allowed under Charity Law and the SORP to keep the names of
grant recipients confidential.
5. SUPPORT COSTS
Restricted
Funds
Endowmènt
Funds
Total 31.3.24
Total 31.3.23
Support Costs
Property management 8dministrati¥e costs
AccountitKJ arvj supwrt costs
lThYeper*ent Ex8Mlner's l A￿ltor'S Remuneration
18.5671
14.0041
11.0101
18.5671
14,0041
11,0101
17,9191
13,3871
19701
Total Support Costs
113,6811
12,2701
li

6. DISTRIBUTION OF ENDOWMENT FUND NET INCOME
25 % of the net income before gains and losses on investments for the Endowment fvnd is to be
paid to the David Hughes Charity for Ihe Poor. The remainder is split between the restricted Further
Education Trust Funds on a 113 and 213 basis'.-
Distribution of Endowment Fund Net Income
Totsl 31.3.24
Total 31.3.23
Nel i￿ome available for distribution before gains an
losses on investments
25% paid to David Fknghes Charity for th¢ Po¢y
25% transferred lo Furthèr Education TTU5t 113
500/0 transferred lo FWIF￿r Education Trust 213
7. INVESTMENTS
Restricted
Fund5
End¢)wThent
Funds
Total 31.3.24
Total 31.3.23
Not Galn¥ I ILo88esl on Inve8tmenls
Gal￿ I ILo88881 on listed Investment FuThJs
Gairts I ILossesl on Investment Properties
2,7
3,931
150,1001
6,687
150,1001
18,4641
264.540
Total Not G•ln8 I IL038e8
2.7S8
46,1691
143,4131
256,076
a. INVESTMENTS LISTED OR TRADED ON A RECOGNISED STOCK EXCHANGE
Invostmgnts Llst8d or Traded on a R￿09￿159d Stock
Exchange
Rostrlcted
Funds
End0￿￿onI
Funds
Total 31.3.24
Total 31.3.23
Market ValLB AI 1 April
Additio
Disposa15
RawaluAtion$
Transfers
115,691
165.554
281,245
289.709
2,756
3.931
6.687
18,4641
Net Book Valuè at 31 March
118,447
169,485
287,932
281,245
There were no investment assets outside the UK.
The investments are mainly in BLK Charities UK Charity Authorised Investment Fundswith small
holdings in gilts and equity.
12

b. INVESTMENT PROPERTY
Investment Property
31.3.24
31.3.23
Market Value al 1 April
Additions
Disposals
Impairment
Revaluation Gain I (Loss)
Transfers
3,810,500
4.093,000
1282.5001
(50,1001
Net Book Value at 31 March
3,760,400
3,810.500
The Estate was valued as at March 2024 at a total value of£3,760,400 on the existing use value
basis by Sarah V. Wlliams, the Isle of Anglesey County Council's Senior Valuations Officer.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Dgbtors: Amounts Falllng due withln One Year
31.3.24
31.3.23
AmoLrts recoveiable on contract
Bad Debt Pro￿lS1On
116,914
148,3191
111.151
{48,3191
Total Dgbtors
68,595
62,832
It was decided in 2017118 that it would be prudent to create a provision for bad debts owing to the
amount of historic debts that have built up. However, efforts to collect the amounts owed from
previous tenants have increased with some successes.
9. CASH AT BANK
This represents the balance within the cash reserves held by the Isle of Anglesey County Council
on behalf of the Anglesey Further Education Trust.
Further
Educatlon Trust
Furthèr
Educatlon Trust
213
Davld Hughes
¢harltable
Esiat
Total Funds
31.Y.24
Total Funds
31.3.23
Cash at Bank
Cash al Bank
36.609
183.239
510,122
699,970
748,320
Bank De
oslts
36.609
153,239
510,122
699,970
748,320
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Regtrlcled
Funds
Endowment
Funds
Total 31.3.24
Total 31.3.23
CTeditors: Amounts Falllng due ￿h1n One Year
Other creditors
18.5051
18.5051
117,3481
Totsl Creditor8
10,5051
18,5051
117,3481
13

11. MOVEMENT IN FUNDS
Net Movement
In Funds
Movement in Funds
1.4.23
31.3.24
Further Ed￿ation Trust 113
Further Edl￿at￿)n Trust 213
111,886
185,870
4,989
5,551
116,875
191,421
Restricted Funds
297,756
10,540
308,296
Damd Hug1￿8 ChaT11ab￿ Estate
4,587,793
{87,696}
4,500.097
Endowmont Funds
4.587.793
87,696
4.500,097
Total Funds
4,885.549
177.1561
4,808,393
b. Net movement in funds, included in the above, are as follows:
Incon
Resou¥￿8
Expondknrè
Trons1orB
G&lrn% and
Losse
Movomèmt In
Fund5
Movompnt thl Fund8 6nClUd￿ th the abov8:
FutlEr Ed￿atIOnTr{lsI113
FwlFEr Edw8tionTrusl 213
4,275
7,659
11,1501
13,0001
1,864
4,989
4.659
Restrlcted Funds
11,934
4,150
1,864
9,648
Charttabfe E51gte
157,￿8
1198,5951
146,1691
187,6*1
ETrdowm8nt Fund8
157.068
198,595
146,1691
87,6961
Total Fund8
169,002
202,745
44,305
12. TRUSTEES, REMUNERATION AND BENEFITS
Trustees, expenses
No trustees, remuneration was paid in the year ended 31 March 2024 or the year ended 31 March
2023. This relates to the trustee, that is, the members of the Executive Committee and the Isle of
Anglesey County Council's Leadership Team acting on its behalf. See Note 13 {Related paty
disclosures) in connection with the fees paid to the corporate trustee for property and financial
administration cosls incurred.
13. RELATED PARTY DISCLOSURES
Isle of Anglesey County Council
The Anglesey Further Education Trust Fund is administered by the Isle of Anglesey County
Council. A property management fee of £8,5671£7,919 in 2022123) was charged by the Council
for the administration of the David Hughes Estale. In addition, a financial management fee of
£4,004 {£3,387 in 20221231 has been charged to the Twst forfinancial administration and accounts
production. Total fees recharged by the Council were, therefore. £12,571.
14

Due to the nature of the charity's operations, and because the sole trustee of the charity is the Isle
of Anglesey County Council, it is inevitable that transactions will take place with organisations
related to the Council and its employees. All transactions involving organisations in which the Isle
of Anglesey County Council may have an interest are conducted at arm's length. The Council has
a policy that all Councillors and members of the Leadership Team must declare an interest if a
related party transaction occurs.
15