2023-04-05-accounts

			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers
Trustees' report			2-8
Independent auditors'	report	on the financial statements	9-12
Statement offinancial	activities		13
Balance sheet			14
Statement ofcash flows
Notes to the financial	statements		16-33

					Unrestricted	Endowment	Total	Total
					funds	funds	funds	funds
					2023	2023	2023	2022
				Note		6	6	5
Income and endowments			from:
Donations and legacies								2,357
Charitable activities					619,576		619,576	563,473
Investments					156,554		156,554	153,899
Other income					383,965		383,965	235,231
Total income and		endowments			1,160,095		1,160,085	954,970
Expenditure on:
Charitable activities					966,066		966,066	891,329
Total expenditure					966,066		966,066	891,329
Net income before		net (losses)/gains
on investments					194,029		194,029	63,541
Net (losses)/gains	on investments				(772,026)		(772,026)	111,876
Net movement In	funds before other
recognised gains					(577,997)		(577,997)	175,517
Other recognised		gains:
Gains on revaluation		offixed		assets		80,000	80,000	1,853,734
Net movement in	funds				(577,997)	80,000	(497,997)	2,029,251
Reconciliation of	funds:
Total funds brought		forward			6,992,522	13,717,487	20,710,009	18,650,758
Net movement in funds					(577,997)	80,000	(497,997)	2,029,251
Total funds carried		forward			6,414,525	13,797,487	20,212,012	20,710,009

					BALANCE SHEET	BALANCE SHEET
				FOR	THE YEAR ENDED 5APRIL		2023
							2023		2022
					Note		6
Fixed assets
Tangible assets					12		1,309,598		1,535,0f6
Investments					14		5,533,010		6,305,036
Investment property					13		19,103,850		19,023,650
							25,946,458		26,863,902
Current assets
Stocks					15	9,881		12,964
Debtors					16	118,276		77,070
Cash at bank and	in	hand				54,735		28,925
						183,002		116,959
Creditors: amounts		falling	due within	one
year					17	f858,179)		(6f3,752)
Net current liabilities							(675,177)		(694,793)
Total assets less	current		liabilities				25,271,281		26,f69,109
Creditors: amounts		falling	due after	more
than one year					18		(5,058,268)		(5,459,100)
Total net assets							20,212,012		20,710,009
Charity funds
Endowment funds					19		13,797,487		13,717,467
Unrestdicted funds					19		6,414,525		6,992,522
Total funds							20,212,012		20,710,009

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	5	5
Covid-19 grant income			867
Other grants			1,500
Total 2023			2,367
Total 2022	2,367	2,367

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	6	6
Residential	264,705	264,705	259,335
Commercial	261,887	261,887	241,412
Agricultural	92,984	92,884	62,726
Total 2023	619,576	619,576	563,473
Total 2022	563,473	563,473

		Unrestricted	Total	Total
		funds	funds	funds
		2023f	2023	2022 2
Rent - Wayleaves		5,304	5,304	7,638
Dividends	received from listed investments	151,250	151,250	146,261
Total 2023		156,554	156,554	153,899
Total 2022		153,899	153,899

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	6	6
Piss gardens	22,017	22,017	21,760
Sale oftimber	4,788	4,788	6,915
Caffi Piss Brondanw	45,113	45,113	38,848
Hydro income	312,047	312,047	167,708
Total 2023	383,965	383,965	235,231
Total 2022	235,231	235,231

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2023	2023	2023	2022
	6	6	6
Residential	277,691	132,335	410,026	350,244
Commercial	409,290	92,851	502,141	493,495
Agricultural	37,530	16,369	53,899	47,590
Total 2023	724,511	241,555	966,066	891,329
Total 2022	573,134	218,195	891,329

							Total	Total
				Residential	Commercial	Agricultural	funds	funds
				2023	2023 f	2023 6	2023 8	2022
Staff costs					55,882		55,882	45,809
Depreciation				43,770	37,675	6,642	88,087	103,990
Repairs to property				113,971	98,099	17,294	229,364	122,332
Farms &woodlands		works		12,848	11,059	1,949	25,856	34,913
Piss Gardens					19,811		19,811	25,881
Utilities less reimbursements				2,549	2,194	386	5,129	2,506
Insurance less reimbursements				15,087	12,986	2,290	30,363	24,034
Rent rebates				3,474	2,992	529	6,995	7,828
Management fees and
expenses				38,307	32,972	5,812	77,091	78,286
Professional fees				17,318	14,907	2,628	34,853	44,984
Impairment oftangible			fixed
assets								49,591
Caffi Plas Brondanw		expenses			38,522		38,522	25,117
Non recoverable	input		tax	30,367			30,367	30,705
Hydro expenses					82,191		82,191	77,157
Total 2023				277,691	409,290	37,530	724,511	673,134
Total 2022				232,151	408,394	32,589	673,134

					Total	Total
		Residential	Commercial	Agricultural	funds	funds
		2023 6	2023 6	2023 f	2023 6	2022f
Bank charges	and overdraft
interest		2,196	1,890	333	4,419	1,428
Mortgage interest		105,677	90,961	16,036	212,674	197,544
Governance	costs	24,462			24,462	19,223
Total2023		132,335	92,851	16,369	241,555	218,195
Total 2022		118,093	85,101	15,001	218,195

				2023	2022
				6	8
Depreciation		oftangible	fixed assets:
- owned		by the Charity		88,086	103,990
Auditors'	remuneration		- audit	14,800	13,300
Auditors'	remuneration		- other services	2,200	2,000
				105,086	119,290

2023	2022
No.	No.

	Plant and	Fixtures	and
	machinery	fittings		Hydro plant	Total
	6	6		8	6
Cost or valuation
At 6April 2022	372,569	1,412		1,803,538	2,177,519
Additions	500			33,064	33,564
Disposals				(212,177)	(212,177)
At 5April 2023	373,069	1,412		1,624,425	1,998,906
Depreciation
At 6 April 2022	268,248		665	373,590	642,503
Charge for the year	20,964		37	67,085	88,086
On disposals				(41,281)	(41,281)
At 5 April 2023	289,212		702	399,394	689,308
Net book value
At 5April 2023	83,857		710	1,225,031	1,309,598
At5April 2022	104,321		747	1,429,948	1,535,016

		Listed	Unlisted
		investments	investments	Total
		6	6	6
Cost or valuation
At 8 April 2022		6,304,936	100	6,305,036
Additions		1,520,822		1,520,822
Disposals		(3,934,911)		(3,934,911)
Revaluations		1,642,063		1,642,063
At 5April 2023		5,532,910	100	5,533,010
Net book value
At 5 April 2023		5,532,810	100	5,533,010
At 5April 2022		6,304,935	100	6,305,035
All the fixed asset investments	are held in the UK.

15.	Stocks
				2023f	2022
	Raw materials	and consumables		9,991	12,964
16.	Debtors
				2023f	2022
	Due within one year
	Trade debtors			39,269	33,266
	Other debtors			79,007	43,764
				118,278	77,070
17.	Creditors: Amounts		falling due within one year

			2023f	2022
Bank overdrafts	and loans		438,380	476,149
Trade creditors			107,828	55,426
Other creditors			58,149	66,799
Accruals and deferred		income	253,822	215,376
			858,179	613,752

2023	2022
8	8
5,059,269	5,459, 100

			2023	2022
			8
Repayable	by	instalments	4,166,345	4,520,834
			4,166,345	4,520,834

			Balance at 6			Gains/	Balance at 5
			April 2022 f	Income f	Expenditure f	(Losses) f	April 2023
Unrestricted	funds
General Funds - all		funds	6,992,522	1,160,095	(966,066)	(772,026)	6,414,525
Endowment	funds
Endowment	Funds-	all funds	13,717,487			60,000	13,797,467
Total offunds			20,710,009	1,160,095	(966,066)	(692,026)	20,212,012
Statement offunds		- prior year
			Balance at			Gainer	Balance at
			6April 2021	income	Expenditure	(Losses)	5April 2022f
Unrestricted	funds
General Funds - all		funds	6,817,005	954,970	(891,329)	111,876	8,992,522
Endowment	funds
Endowment	Funds-	all funds	11,863,753			1,853,734	13,717,487
Total offunds			18,580,758	954,970	(891,329)	1,965,610	20,710,009

Analysis of net assets between funds - current year
	Unrestricted	Endowment	Total
	funds	funds	funds
	2023	2023	2023
	8		8
Tangible fixed assets	1,309,598		1,309,598
Fixed asset investments	5,533,010		5,533,010
Investment property		19,103,850	19,103,850
Current assets	183,002		183,002
Creditors due within one year	(611,085)	(247,094)	(858,179)
Creditors due in more than one year		(5,059,269)	(5,059,269)
Total	6,414,525	13,797,487	20,212,012
Analysis ofnet assets between funds - prior 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		118,959
Creditors due within one year	(813,752)		(813,752)
Creditors due in more than one year	(152,737)	(5,306,363)	(5,459,100)
Total	6,992,522	13,717,487	20,710,009

												2023	2022
												8	5
	Net income/expenditure		for the	year		(as		per	Statement	of	Financial
	Activities)											(577,997)	175,517
	Adjustments for:
	Depreciation charges											88,086	103,990
	Impairment oftangible	fixed assets											49,591
	Loss on disposal oftangible assets											170,898
	Dividends and interests	from investments										(151,250)	(146,261)
	Rents from investments											(5,304)	(7,638)
	Decrease in stocks											2,973	3,498
	Increase in debtors											(41,206)	(44)
	Increase/(decrease) in	creditors										82,194	(157,873)
	Net cash provided by/(used in) operating						activities					(431,606)	20,780
22.	Analysis ofcash and	cash equivalents
												2023	2022
												F	E
	Cash in hand											54,735	28,925
	OverdraR facility repayable		on demand									(197,029)	(255,346)
	Total cash and cash	equivalents										(142,294)	(226,421)
23.	Analysis ofchanges	in net debt
										At 6April			At 5April
											2022	Cash flows	2023
											6
	Cash at bank and in hand										28,925	25,810	54,735
	Bank overdrafts and loans		repayable		on	demand					(476,149)	37,769	(438,380)
	Debt due after 1 year									(5,459,100)		399,831	(5,059,269)
										(5,906,324)		463,410	(5,442,914)