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|---|---|---|---|---|---|
|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|
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|||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|||||
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||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||
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|||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||
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||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||
##
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|||||||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||
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||||||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|
##
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##
|||||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|||
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||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.||||
##
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##
|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|
##
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##
|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|
##
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##
|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|
##
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##
|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)|
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