2022-04-05-accounts

					Page
Reference and administrative		details ofthe Charity,	its Trustees	and advisers
Trustees' report					2-6
Independent auditors'	report	on the financial statements			9-12
Statement of financial	activities				13
Balance sheet					14
Statement ofcash flows					15
Notes to the financial	statements				16-33

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
	Note	6			5
Income and endowments	from:
Donations and legacies		2,367		2,367	15,243
Charitable activities		563,473		563,473	376,742
Investments		153,899		153,899	119,793
Other income		235,231		235,231	183,286
Total income and endowments		954,970		954,970	695,054
Expenditure on:
Charitable activities		891,329		891,329	771,008
Total expenditure		891,329		891,329	771,008
Net Income/(expenditure)	before net
gains on investments		63,641		63,641	(75,944)
Net gains on investments		111,876		111,876	1,639,109
Net movement in funds before other
recognised gains		176,617		175,517	1,563,165
Other recognised gains:
Gains on revaluation offixed assets			1,853,734	1,853,734	541,287
Net movement in funds		175,517	1,853,734	2,029,261	2,104,452
Reconciliation offunds:
Total funds brought forward		6,817,005	11,863,753	18,680,758	16,576,306
Net movement in funds		175,517	1,853,734	2,029,251	2,104,452
Total funds carried forward		6,992,522	13,717,487	20,710,009	18,680,758

			BALANCE SHEET	BALANCE SHEET
		FOR	THE YEAR ENDED 5APRIL		2022
			Note		2022 6		2021f
Fixed assets
Tangible assets			13		1,635,016		1,648,959
Investments			15		6,306,036		6,193,160
Investment property			14		19,023,850		17,168,850
					26,863,902		25,010,969
Current assets
Stocks			16	12,964		16,462
Debtors			17	77,070		77,026
Cash at bank and in hand				28,926		7,026
				118,969		100,514
Creditors: amounts	falling due within	one
year			18	(813,762)		(704,622)
Net current liabilities					(694,793)		(604,108)
Total assets less	current liabilities				26,169,109		24,406,861
Creditors: amounts	falling due after	more
than one year			19		(5,469,100)		(5,726,103)
Total net assets					20,710,009		18,680,758
Charity funds
Endowment funds			20		13,717,487		11,863,753
Unrestricted funds			20		6,992,622		6,817,005
Total funds					20,710,009		18,680,758

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FOR		THE YEAR ENDED 5APRIL 2022
						2022	2021
				Note			5
Cash flows from operating	activities
Net cash used in operating activities					22	20,780	1,658,025
Cash flows from investing	activities
Dividends and interests from	investments					146,261	122,389
Rents from investments						7,638	(2,595)
Purchase oftangible fixed assets						(39,638)	(279,608)
Purchase of investment properties						(1,266)	(163,213)
(Gains)/losses on investments						(111,876)	(1,639,109)
Net cash provided by/(used	in) Investing			activities		1,119	(1,962,137)
Cash flows from financlng	activities
Cash inflows from new borrowing							135,500
Repayments of borrowing						(26,882)	(42,158)
Net cash (used in)/provided	by financing			activities		(26,882)	93,342
Change In cash and cash equivalents			in	the year		(4,983)	(210,769)
Cash and cash equivalents at the beginning				ofthe year		(221,438)	(10,569)
Cash and cash equivalents	at the end		of	the year	23	(226,421)	(221,438)
The notes on pages 16to 33form part		of	these financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2022f	2022	2021
Covid-19 grant income	867	867	15,243
Other grants	1,500	1,600
Tots I2022	2,367	2,367	15,243
Total 2021	15,243	15,243

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		6	6	5
Residential		259,335	259,335	243,019
Commercial		241,412	241,412	86,884
Agricultural		62,726	62,726	46,839
Tote I 2022		563,473	563,473	376,742
Total 2021		376,742	376,742
Investment	income
		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022 5	2021f
Rent - Wayleaves		7,638	7,638	(2,596j
Dividends	received from listed investments	146,261	146,261	122,389
Total 2022		153,899	153,899	119,793
Total 2021		119,793	119,793

	Unrestricted	Total	Total
	funds	funds	funds
	2022 6	2022 6	2021f
Plas gardens	21,760	21,760	8,261
Sale oftimber	6,915	6,915	22,474
Caffi Plas Brondanw	38,848	38,848	16,530
Hydro income	167,708	167,708	136,021
Total 2022	235,231	236,231	183,286
Total 2021	183,286	183,286

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2022	2022f	2022	2021f
Residential	232,151	118,093	350,244	348,121
Commercial	408,394	85,101	493,495	377,572
Agricultural	32,589	15,001	47,590	45,315
Total 2022	673,134	218,195	891,329	771,008
Total 2021	532,681	238,327	771,008

						Total	Total
			Residential	Commercial	Agricultural	funds	funds
			2022 f	2022 f	2022	2022f	2021f
Staff costs				45,809		45,809	38,499
Depreciation			51,673	44,476	7,841	103,990	109,220
Repairs to property			60,787	52,321	9,224	122,332	100,682
Farms &woodlands		works	17,348	14,932	2,633	34,913	36,924
Piss Gardens				25,881		26,881	18,624
Utilities less reimbursements			1,245	1,072	189	2,606	2,915
Insurance less reimbursements			11,942	10,279	1,813	24,034	28,681
Rent rebates			3,888	3,348	592	7,828	6,932
Management fees and
expenses			38,901	33,483	5,902	78,286	61,958
Professional fees			15,661	24,928	4,395	44,984	38,976
Impairment oftangible fixed
assets				49,591		49,6et
Caffi Plas Brondanw		expenses		25,117		25,117	9,029
Non recoverable	input tax		30,706			30,706	25,862
Hydro expenses				77,157		77,167	54,379
Total 2022			232,151	408,394	32,589	673,134	532,681
Total 2021			217,809	285,745	29,127	532,681

					Total	Total
		Residential	Commercial	Agricultural	funds	funds
		2022 f	2022 8	2022 E	2022 6	2021 8
Bank charges and overdraft interest		710	611	107	1,428	5,410
Mortgage interest		98,160	84,490	14,894	197,544	209,290
Governance costs		19,223			19,223	23,627
Total 2022		118,093	85,101	15,001	218,196	238,327
Total 2021		130,312	91,827	16,188	238,327
Net income/(Expenditure)
This is stated after charging:
					2022 8	2021f
Depreciation oftangible	fixed	assets:
- owned by the Charity					103,990	109,220
Auditors' remuneration	-audit				13,300	12,325
Auditors' remuneration	-other	services			2,000	1,895
					119,290	123,440

				2022f	2021f
Wages and	salaries			43,390	36,375
Social security costs				1,946	1,921
Contribution	to defined	contribution	pension schemes	473	203
				45,809	36,499

					2022	2021
					No.	No.
Maintenance	&Cafti	Plas	Brondanw	staff

	Freehold
	investment
	property f
Valuation
At 6 Apn'I 2021	17,168,850
Additions	1,266
Surplus on revaluation	1,853,734
At 5 April 2022	19,023,860

				Listed	Unlisted
				investments f	investments f	Total f
Cost or valuation
At 6 April 2021				6,193,060	100	6,193,160
Additions				968,952		968,952
Disposals				(1,090,972)		(1,090,972)
Net invetsments	gains			233,896		233,896
At 5 April 2022				6,304,936	100	6,305,036
Net book value
At 5 April 2022				6,304,936	100	6,305,036
At 5April 2021				6,193,050	100	6,193,160
All the fixed asset investments		are held	in the UK.

2022	2021f
12,964	15,462

Debtors
	2022	2021
Due within one year
Trade debtors	33,286	14,885
Other debtors	43,784	62,140
	77,070	7?,025

			2022 F	2021f
Bank overdrafts	and loans		476,149	352451
Trade creditors			55,428	112,?11
Other creditors			66,799	17,160
Accruals and deferred		income	216,376	222,300
			813,762	704,522

2022		2021
5		6
5,459,100	5,	726,103

			2022 F		2021f
Repayable	by	instalments	4,620,834	5,	161,310
			4,520,834	5,	181,310

Statement	offunds -current ye	ar
		Balance at 6				Gains(	Balance at 6
		April 2021 E	Income E	Expenditure E		(Losses) f	April 2022 E
Unrestricted	funds
General Funds - all funds		6,817,005	954,970	(891,329)		111,876	6,992,522
Endowment	funds
Endowment	Funds- all funds	11,863,763				1,853,734	13,717,487
Total offunds		18,680,758	964,970	(891,329)		1,965,610	20,710,009
Statement offunds - prior year
		Balance at				Gains'	Balance at
		6April 2020f	Income f	Expenditure	f	(Losses) f	5Apnt 2021
Unrestricted	funds
General Funds		5,253,840	695,064	(771,008)		1,639,109	6,817,005
Endowment	funds
Endowment	Funds - all funds	11,322,466				541,287	11,863,753
Total offunds		16,576,306	695,064	(771,008)		2,180,396	18,680,758

Analysis of net assets between funds	- current year
		Unrestricted	Endowment	Total
		funds	funds	funds
		2022	2022	2022
Tangible fixed assets		1,535,016		1,535,016
Fixed asset investments		6,305,036		6,305,036
Investment property			19,023,850	19,023,850
Current assets		118,959		118,969
Creditors due within one year		(813,752)		(813,752)
Creditors due in more than one year		(152,737)	(5,306,363)	(5,469,100)
Total		6,992,522	13,717,487	20,710,009
Analysis of net assets between funds	- prior year
		Vmestncled	Endowment	Total
		funds	funds	funds
		2021	2021	2021
			S
Tangible fixed assets		1,648,959		1,648,959
Fixed asset investments		6,193,160		6,193,160
Investment property			17,168,850	17,168,850
Current assets		100,514		100,514
Creditors due within one year		(621,289)	(83,333)	(704,622)
Creditors due in more than one year		(504,339)	(5,22 1,764)	(5,726,103)
Total		6,817,005	11,8S3,753	18,680,758

22.	Reconciliation ofnet	movement	in funds to net cash flow from oper	ating activities
				2022	2021
	Net income for the year (as per Statement ofFinancial Activities)			175,617	1,563,165
	Adjustments for:
	Depreciation charges			103,990	109,220
	Impairment oftangible	fixed assets		49,691
	Dividends and interests	from investments		(146,261)	(122,389)
	Rents from investments			(7,638)	2,596
	Decrease in stocks			3,498	73
	Decrease/(increase) in	debtors		(44)	61,972
	Increase/(decrease) in	creditors		(167,873)	43,389
	Net cash provided by	operating	activities	20,780	1,558,026
23.	Analysis ofcash and	cash equivalents
				2022	2021
	Cash in hand			28,926	7,026
	Overdraft facility repayable on demand			(255,346)	(228,464)
	Total cash and cash equivalents			(226,421)	(221,438)
24.	Analysis ofchanges	In net debt

				At 6 April		At 5April
				2021 6	Cash flows 5	2022 f
Cash	at bank and in hand			7,026	21,899	28,925
Bank	overdrafts	and loans repayable	on demand	(362,461)	(123,698)	(476,149)
Debt	due aRer 1 year			(6,726,103)	267,003	(5,459,100)
				(6,071,528)	165,204	(6,906,324)