2023-03-31-accounts - Ymddiriedolaeth Penllergare - The Penllergare Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	Funds
		Notes			E	F
INCOME AND ENDOWMENTS	FROM:
Donations and legacies			18,436	113,253	131,689	26,643
Charitable activities			525	341,708	342,233	288,058
Other trading activities			200,258		200,258	200,626
Investments			455		455	231
Other income			14,755		14,755	10,021
Total income and endowments			234,429	454,961	689,390	525,579
EXPENDITURE ON:
Fundraising activities		9	116,303		116,303	121,201
Charitable activities		10	127,484	326,501	453,985	389,514
Total expenditure			243,787	326,501	570,288	510,715
NET INCOME/(EXPENDITURE)			(9,358)	128,460	119,102	14,864
TRANSFERS BETWEEN FUNDS		28	(410)	410
OTHER GAINS AND LOSSES		28				12,534
NET MOVEMENT IN FUNDS
			(9,768)	128,870	119,102	27,398
RECONCILIATION OF FUNDS:
Total funds brought forward			86,854	3,114,937	3,201,791	3,174,393
TOTAL FUNDS CARRIED FORWARD			77,086	3,243,807	3,320,893	3,201,791

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes			E	E
FIXEDASSETS
Tangible assets	17	19,623	1,898,487	1,918,110	1,347,348
Heritage assets	18		710,375	710,375	407,004
Programme related investments	19		9,375	9,375	9,375
		19,623	2,618,237	2,637,860	1,763,727
CURRENT ASSETS
Stocks		3,058		3,058	2,415
Debtors	20	23,203	903,962	927,165	1,637,250
Cash at bank		52,453	95,759	148,213	124,655
		78,714	999,721	1,078,435	1,764,320
CREDITORS
Amounts falling due within one year	22	~21,251	~192,149
NET CURRENT ASSETS		57,463	807,572	865,035	1,690,363
TOTAL ASSETS LESSCURRENT
LIABILITIES		77,086	3,425,809	3,502,895	3,454,090
CREDITORS
Amounts falling due after more than one year 23			(8,000)	(8,000)	(2,937)
ACCRUALS AND DEFERRED INCOME	25		174,002
NET ASSETS		ZZ M6	MMI~ ~~~		~691
FUNDS	28
Unrestricted funds		77,086		77,086	86,854
Restricted funds			3,243,807	3,243,807	3,114,937
TOTAL FUNDS		77,086	3,243,807	3,320,893	3,201,791

			2023	2022
		Notes	E	E
Cash flows from operating	activities
Cash generated from operations Interest paid			1,020,538 ~409	137,326 ~927
Net cash provided by operating activities			1,020,129	136,399
Cash flows from investing	activities
Purchase oftangible fixed assets			(998,119)	(305,703)
Proceeds from disposal of investment				28,125
Interest received			455	231
Net cash (used in)/provided	by investing	activities	(997,664)	~277,347)
Cash flows from financing	activities
Loan drawn Loan repayments			10,000 ~6,907	~15,449
Net cash (used in)/provided	by financing	activities	1,093	~15,449)
Change in cash and cash	equivalents
in the reporting period			23,558	(156,397)
Cash and cash equivalents	at the
beginning ofthe reporting	period	2	124,655	281,052
Cash and cash equivalents	at the end
ofthe reporting period		2	148,213	124,655

1.	RECONCILIATION ACTIVITIES	OF NET (E	XPENDITUR	E)/INCOME	TO NET CAS	H FLOW FROM	OPERATING
						2023	2022
						E
	Net (expenditure)/income for the reporting			period (as	per the
	Statement of Financial Activities)					119,102	27,398
	Adjustments for:
	Depreciation charges					123,990	116,372
	Interest received					(455)	(231)
	Interest paid					409	927
	Decrease/(increase)	in stock				(643)	(769)
	Decrease/(increase)	in debtors				710,085	(2,069)
	Increase/(decrease) Increase/(decrease)	in creditors in deferred	income			143,410 ~75,360	11,751 ~16,053
	Net cash provided	by operations				1,020,538	137,326
2.	ANALYSIS OF CASH AND CASH EQUIVALENTS
						2023	2022
						E
	Cash at bank					148,213	124,655
	Total cash and cash	equivalents				148,213	124,655
3.	ANALYSIS OF CHANGES IN NET DEBT
				At 31/3/22	Cash flows	Other Non-	At 31/3/23
						cash changes
	Cash at bank and in	hand		124,655	23,558		148,213
	Loans falling due within one year Loans falling due after one year		(8,000) ~2,937		3,970 ~5,063		(4,030) ~6,000
	Total			113,718	22,465		136,183

Buildings —new constructions	Buildings —new constructions	-straight	line over 60years
Buildings —other (including	lakeworks)	- straight	line over 15years
Fixtures and fittings		-straight	line over 15years
Plant and machinery		- long life	—straight line over 15years
Plant and machinery		—medium	life —straight line over 5years
Plant and machinery		-short life	-33%per annum
Long leasehold		- over the	term ofthe lease

INCONIE F	ROM DONATION	S AND LEGACIES
				2023	2022
					F
Donations				47,547	14,799
Grants				47,066	1,000
Government	grants			27,336	2,109
Subscriptions				5,165	5,540
Gift Aid				4,575	3,195
				131,689	26,643
		Unrestricted	Restricted	2023
			F
Donations		10,247	37,300	47,547
Grants		950	46,116	47,066
Government	grants		27,337	27,337
Subscriptions		5,164		5,164
Gift aid		2 075	2 500	4 575
		16436	113253	131689
		Unrestricted	Restricted	2022
		E	F	F
Donations		5,313	9,486	14,799
Grants		1,000		1,000
Government	grants	2,109		2,109
Subscriptions		5,540		5,540
Gift aid		1,749	1,446	3,195
		15,711	10,932	26,643

				2023	2022
					E
Grants				342,233	288,058
		Unrestricted	Restricted	2023
		E
Grants			341,708	341,708
Miscellaneous	income	525		525
		Unrestricted	Restricted	2022
		E
Grants			287,978	287,978
Miscellaneous	income	80		80

5.	INCOME FROM OTHE	R TRADING ACTIVITIES
			2023	2022
	Book Sales		946	2,064
	Coffee shop and car park		165,764	186,797
	Export ofelectricity		2,549	1,731
	Firewood sales		23,713	200
	Calendar Sales 8 Sponsorship			(42)
	Sale ofother items		991	527
	Fees —use ofTrust premises		1,783	6,313
	Other fundraising activities		3,315
	Friends Fundraising activities		1,196	3,036
			200,258	200,626
6.	INCOME FROM INVESTMENTS
			2023	2022
			F
	Deposit account interest		384	231
	Leasehold bond interest		71
			455	231
7.	OTHER INCOME
			2023	2022
	Feed in tariff
8.	NET INCOME/EXPENDITURE
	Net income/(expenditure)	is stated after charging/(crediting):
			2023	2022
	Audit fees		7,208	5,945
			7,208	5,945

EXPENDITURE	ON	FUNDRAISING	FUNDRAISING	FUNDRAISING	ACTIVITIES
						2023	2022
						F	F
Coffee shop and	Car Park running			costs		104,339	94,372
Friends events/100		Club	prizes			619	546
Fundraising/Commercial			staff costs			8,562	15,187
Other fundraising	events					446	980
Depreciation						213	66
Turbine running	costs					2,124	10,050
						116,303	121,201
EXPENDITURE	ON	CHARITABLE			ACTIVITIES
						2023	2022
						F
NLHF Phase 2 project delivery						41,105	17,916
Other project expenditure						28,078	44,113
Depreciation						122,522	116,322
Gain/Loss on disposal						151
Lease rent						41,250	41,250
Accountancy and	payroll					8,709	7,597
Friends						493	748
Staff salaries						133,917	78,839
Other Unrestricted	Expenditure					17,708	19,435
Support costs —staff						48,078	48,645
Bank charges						915	461
Loan interest						409	927
Room and office	rental					113	470
Volunteers' Expenses						668	1,240
Telephone, postage and			stationery			6,805	7,155
Support costs —other						3,063	4,396
						453,985	389,514
Analysis by fund
Unrestricted funds						127,484	109,174
Restricted funds						326,501	280,340
						453,985	389,514


12.	INTEREST PAYABLE AND SIMILAR CHARGES
							2023	2022
							F	F
	Loan interest						409	927
13.	EXPENDITURE: SALARIES & NATIONAL					INSURANCE
							2023	2022
								E
	Salaries						217,620	169,168
	Social security						9,898	6,749
	Workplace	pensions					3,183	2,593
							230,701	178,510
	There are	no employees		with salaries greater than f60,000 per annum.
	The average weekly number				ofemployees	by function
							2023	2022
							F	F
	Charitable	activities staff					8	7
	Staff employed		to generate		funds		6	5
							14	12

		Unrestricted	Restricted	Total
		funds	funds	funds
		E	E
INCOME AND ENDOWMENTS	FROM:
Donations and legacies		15,711	10,932	26,643
Charitable activities		80	287,978	288,058
Other trading activities		200,626		200,626
Investments		231		231
Other income		10,021		10,021
Total income and endowments		226,669	298,910	525,579
EXPENDITURE ON:
Fundraising activities		121,021	180	121,201
Charitable Activities		109,174	280,340	389,514
Total expenditure		230,195	280,520	510,715
NET INCOME/(EXPENDITURE)		(3,526)	18,390	14,864
TRANSFERS BETWEEN FUNDS		(6,172)	6,172
OTHER GAINS AND LOSSES		(2,674)	15,208	12,534
NET MOVEIIENT IN FUNDS		(12,372)	39,770	27,398
RECONCILIATION OF FUNDS		99,226	3,075,167	3,174,393
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		86,854	3,114,937	3,201,791

TANGIBLE FIXEDAS	SETS
	Assets under	Freehold	Long		Short	Plant and
	construction	Assets	leasehold		leasehold	Machinery	Total
		F		F	F	F	F
COST
Brought forward	262,773	2,810	1,360,962			465,556	2,092,102
Additions	656,371		8,655			11,152	676,178
Transfers Disposals At 31 March 2023	919,147	2,810	1,369,617		-~1,102 - 475,605		1,102 2,767,181
DEPRECIATION
Brought forward			536,456			208,299	744,755
Charge for the year			85,765			19,653	105,418
Eliminated on disposal						1,102	1,102
At 31 March 2023			622,221			226,850	849,071
NET BOOK VALUE
At 31 March 2023	919,147	2,810	747,395			248,758	1,918,110
At 31 March 2022	262,773	2,810	824,506			257,257	1,347,348
HERITAGE ASSETS
		Buildings	under		Buildings		Total
		Construction
COST
Brought forward			73,986		452,324 526,310
Additions		321,943				321,943
At 31 March 2023		395,929			452,324 848,253
DEPRECIATION
Brought forward					119,306 119,306
Charge for the year					18,572 18,572
At 31 March 2022					137,877 137,877
NET BOOK VALUE
At 31 March 2023		395,929			314,447 710,375
At 31 March 2022			73,986		333,018 407,004

HERITAGE ASSE	TS - continued
Five-year summary	of heritage asset transactions:
	2023	2022	2021	2020	2019
	F	F	F	E
Cost ofacquisitions	321,943	27,329	16,844	29,813

DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2023	2022
			F	E
Grants			788,120	1,443,731
Prepayments	8 accrued	income	20,703	35,508
VAT			49,417
Other debtors			37,066	4,029
			895,306	1,483,268
DEBTORS:AMOUNTS		FALLING DUE AFTER ONE YEAR
			2023	2022
Grants			7,230	121,201
Prepayments	8 accrued income		24,629	32,781
			31,859	153,982
			927,165	1,637,250
CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2023	2022
			E
Trade creditors			141,290	18,180
Accruals			67,296	20,769
Other creditors			784	22,728
Taxation and	social security			4,280
Loans			4,030	8,000
			213,400	73,957

23.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
							2023	2022
							E
	Loans						8,000	2,937
24.	LOANS
	An analysis ofthe maturity					of loans is given below:
							2023	2022
	Amounts	falling	due	within		one year on demand:
	Loans						4,030	8,000
	Amounts	falling	due	after	more than one year but less than five years:
	Loans						8,000	2,937
25.	ACCRUALS AND DEFERRED INCOIIE
							2023	2022
	Deferred	grants					E ~Z	~62
	Summary	ofdeferred		income movements:
							E
	Deferred	income brought			forward		249,362
	Grants released		during the			year	(75,360)
	New grants deferred			during		the year
							174,002

27. COMPARATIVES FOR THE BALANCE SHEET	27. COMPARATIVES FOR THE BALANCE SHEET	27. COMPARATIVES FOR THE BALANCE SHEET	27. COMPARATIVES FOR THE BALANCE SHEET
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		E		E
FIXEDASSETS
Tangible assets		17	22,448	1,324,900	1,347,348	1,166,774
Heritage assets		18		407,004	407,004	398,247
Programme related	investments	19		9,375	9,375	37,500
			22,448	1,741,279	1,763,727	1,602,521
CURRENT ASSETS
Stocks		17	2,415		2,415	1,646
Debtors		18	20,561	1,616,689	1,637,250	1,635,181
Cash at bank		19	90,029	34,626	124,655	281,052
			113,005	1,651,315	1,764,320	1,917,879
CREDITORS
Amounts falling due	within one year	22	(48,599)	(25,358)	(73,957)	(69,266)
NET CURRENT ASSETS			64,406	1,625,957	1,690,363	1,848,613
TOTAL ASSETSLESSCURRENT LIABILITIES			86,854	3,367,236	3,454,090	3,451,134
CREDITORS
Amounts falling due	after more than one year 23			(2,937)	(2,937)	(11,326)
ACCRUALS AND DEFERRED INCOME				~249,362	~249,362	~265,415
NET ASSETS		25	86,854	3,114,937	3,201,791	3,174,393
FUNDS		28
Unrestricted funds			86,854		86,854	99,226
Restricted funds				3,114,937	3,114,937	3,075,167
			86,854	3,114,937	3,201,791	3,174,393

				Net
				movement in
			At 01/04/22	funds	At 31/03/23
Unrestricted funds				F
General fund			74,457	(14,348)	60,109
Friends Fair value reserve			15,071 ~2,674	4,580	19,651 ~2,674
			86,854	(9,768)	77,086
Restricted funds
Parks for People Project (NLHF)			1,292,816	(105,875)	1,186,940
NLHF 2 —fundraising	for delivery	phase	1,538,382	253,699	1,792,081
Woodland Centre			15,414	(5,101)	10,314
Rural Development	Fund		140,729	817	141,546
Orchard			18,562	(64)	18,497
Third Sector Resilience fund			36,251	(36,251)
Brilliant Basics			45,217	(2,349)	42,868
Other restricted funds			38,988	23,994	62,983
Fair value reserve			~11,422)		~11,422)
			3,114,937	128,870	3,243,807
TOTAL FUNDS			3,201,791	119,102	3,320,893
Net movement in funds, included		in the above are as follows:
			Income	Expenditure	Transfers
Unrestricted funds			E
General fund			228,740	242,678	(410)
Friends			5,689	1,109
			234,429	243,787	(410)
Restricted funds
Parks for People Project (NLHF)				105,875
NLHF 2 —fundraising	for delivery	phase	352,347	98,643
Woodland Centre				5,102
Training Centre and	Nursery		14,000	13,183
Orchard				64
Third Sector Resilience fund				36,661	410
Brilliant Basics				2,349
Other Restricted Reserves			88,614	64,624
Fair Value Reserves
			454,961	326,501	410
TOTAL FUNDS			689,390	570,288

Comparative for movement	Comparative for movement	funds		Net
				movement in
			At 01/04/21	funds	At 31/03/22
Unrestricted funds
General fund			73,697	760	74,457
Friends Fair value reserve			25,529	(10,458) ~2,674)	15,071 ~2,674)
			99,226	(12,372)	86,854
Restricted funds
Parks for People Project (NLHF)			1,413,685	(120,869)	1,292,816
NLHF 2 —fundraising	for delivery	phase	1,561,278	(23,196)	1,538,082
Woodland Centre			20,516	(5,102)	15,414
Rural Development	Fund		62,669	78,060	140,729
Orchard			20,194	(1,632)	18,562
Third Sector Resilience fund				36,251	36,251
Brilliant Basics				45,217	45,217
Other restricted funds			23,455	15,833	39,288
Fair value reserve			~26,630)	15,208	~11,422)
			3,075,167	39,770	3,114,937
TOTAL FUNDS			3,174,393	27,396	3,291,791

Comparative net mo	ve	ment in funds, included in t	he above are as follow	s:
			Income	Expenditure	Transfers
Unrestricted funds			E
General fund			222,208	228,776	7,328
Friends			4,461	1,419	(13,500)
			226,669	230,195	(6,172)
Parks for People Project (NLHF)				120,689
NLHF 2 —fundraising	for delivery phase		49,143	84,299	11,960
Woodland Centre				5,102
Training Centre and	Nursery		83,405	345	(5,000)
Orchard				1,632
Third Sector Resilience		fund	41,251		(5,000)
Brilliant Basics			35,709	2,428	11,937
Other restricted funds			89,403		(7,725)
Fair value reserves
			298,910	280,520	6,172
TOTAL FUNDS			525,579	510,715