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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees' report|||2-8|
|Independent<br>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|





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||||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2023|2023|2023|2022|
|||||Note||6|6|5|
|Income and endowments|||from:||||||
|Donations<br>and legacies||||||||2,357|
|Charitable<br>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<br>on:|||||||||
|Charitable<br>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<br>In|funds before other||||||||
|recognised<br>gains|||||(577,997)||(577,997)|175,517|
|Other recognised||gains:|||||||
|Gains on revaluation||offixed||assets||80,000|80,000|1,853,734|
|Net movement<br>in|funds||||(577,997)|80,000|(497,997)|2,029,251|
|Reconciliation<br>of|funds:||||||||
|Total funds brought||forward|||6,992,522|13,717,487|20,710,009|18,650,758|
|Net movement<br>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|





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||||||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<br>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<br>funds|||||19||13,797,487||13,717,467|
|Unrestdicted<br>funds|||||19||6,414,525||6,992,522|
|Total funds|||||||20,212,012||20,710,009|





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||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||





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||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||



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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023f|2023|2022<br>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||





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||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||



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||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||





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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Residential|Commercial|Agricultural|funds|funds|
|||||2023|2023<br>f|2023<br>6|2023<br>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<br>less reimbursements||||15,087|12,986|2,290|30,363|24,034|
|Rent rebates||||3,474|2,992|529|6,995|7,828|
|Management<br>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<br>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||





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||||||Total|Total|
|---|---|---|---|---|---|---|
|||Residential|Commercial|Agricultural|funds|funds|
|||2023<br>6|2023<br>6|2023<br>f|2023<br>6|2022f|
|Bank charges|and overdraft||||||
|interest||2,196|1,890|333|4,419|1,428|
|Mortgage<br>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||



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|||||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|





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|2023|2022|
|---|---|
|No.|No.|



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||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|





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|||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.||||



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|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|





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|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|





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||||Balance at 6|||Gains/|Balance at 5|
|---|---|---|---|---|---|---|---|
||||April 2022<br>f|Income<br>f|Expenditure<br>f|(Losses)<br>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|





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|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<br>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<br>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|





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|||||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||8|5|
||Net<br>income/expenditure||for<br>the|year||(as||per|Statement|of|Financial|||
||Activities)|||||||||||(577,997)|175,517|
||Adjustments<br>for:|||||||||||||
||Depreciation<br>charges|||||||||||88,086|103,990|
||Impairment<br>oftangible|fixed assets|||||||||||49,591|
||Loss on disposal oftangible assets|||||||||||170,898||
||Dividends<br>and interests|from investments||||||||||(151,250)|(146,261)|
||Rents from investments|||||||||||(5,304)|(7,638)|
||Decrease<br>in stocks|||||||||||2,973|3,498|
||Increase<br>in debtors|||||||||||(41,206)|(44)|
||Increase/(decrease)<br>in|creditors||||||||||82,194|(157,873)|
||Net cash provided<br>by/(used<br>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<br>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<br>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)|





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